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Australian (ASX) Gold Industry Analysis
UpdatedApr 11, 2026
DataAggregated Company Financials
Companies154
- 7D9.5%
- 3M-0.1%
- 1Y54.7%
- YTDn/a
In the last week, the Gold industry is up 9.5%, with Northern Star Resources up 12%. Meanwhile, Meeka Metals actually underperformed within the industry, shrinking 5.9% in the last week. This means that the industry has gained 55% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Apr 2026 | AU$165.7b | AU$32.3b | AU$6.6b | 16.2x | 25.1x | 5.1x |
| Mon, 09 Mar 2026 | AU$175.0b | AU$31.1b | AU$6.3b | 24.9x | 28x | 5.6x |
| Wed, 04 Feb 2026 | AU$174.1b | AU$26.3b | AU$4.6b | 28.7x | 38.3x | 6.6x |
| Fri, 02 Jan 2026 | AU$165.0b | AU$26.4b | AU$4.6b | 27.8x | 36.1x | 6.2x |
| Sun, 30 Nov 2025 | AU$153.4b | AU$26.5b | AU$4.6b | 25.2x | 33.6x | 5.8x |
| Tue, 28 Oct 2025 | AU$139.3b | AU$26.4b | AU$4.6b | 24.3x | 30.4x | 5.3x |
| Thu, 25 Sep 2025 | AU$138.2b | AU$26.9b | AU$4.8b | 19.2x | 28.7x | 5.1x |
| Sat, 23 Aug 2025 | AU$106.6b | AU$24.8b | AU$4.4b | 16.8x | 24.2x | 4.3x |
| Mon, 21 Jul 2025 | AU$98.7b | AU$22.2b | AU$3.1b | 17.2x | 31.8x | 4.4x |
| Wed, 18 Jun 2025 | AU$106.8b | AU$22.3b | AU$3.1b | 20.8x | 34.6x | 4.8x |
| Fri, 16 May 2025 | AU$92.4b | AU$22.4b | AU$3.1b | 19.3x | 29.8x | 4.1x |
| Sun, 13 Apr 2025 | AU$93.7b | AU$22.2b | AU$3.0b | 18.3x | 30.7x | 4.2x |
| Tue, 11 Mar 2025 | AU$79.6b | AU$22.0b | AU$3.0b | 19x | 26.8x | 3.6x |
| Thu, 06 Feb 2025 | AU$81.8b | AU$18.6b | AU$1.8b | 21.4x | 44.9x | 4.4x |
| Sat, 04 Jan 2025 | AU$71.2b | AU$18.7b | AU$1.8b | 22x | 39x | 3.8x |
| Mon, 02 Dec 2024 | AU$73.4b | AU$18.6b | AU$1.8b | 20.8x | 40.8x | 4x |
| Wed, 30 Oct 2024 | AU$78.4b | AU$18.4b | AU$1.8b | 24.5x | 43.5x | 4.2x |
| Fri, 27 Sep 2024 | AU$70.1b | AU$18.1b | AU$1.8b | 21.9x | 38.3x | 3.9x |
| Sun, 25 Aug 2024 | AU$65.1b | AU$17.3b | AU$1.2b | 23.8x | 52.6x | 3.8x |
| Tue, 23 Jul 2024 | AU$61.0b | AU$16.0b | AU$1.1b | 23.2x | 56.5x | 3.8x |
| Thu, 20 Jun 2024 | AU$56.2b | AU$16.9b | AU$1.2b | 19.8x | 47.7x | 3.3x |
| Sat, 18 May 2024 | AU$59.7b | AU$17.1b | AU$1.2b | 22.5x | 50.3x | 3.5x |
| Mon, 15 Apr 2024 | AU$60.6b | AU$17.2b | AU$1.2b | 23.5x | 50.4x | 3.5x |
| Wed, 13 Mar 2024 | AU$53.1b | AU$16.7b | AU$1.2b | 20.1x | 43.9x | 3.2x |
| Fri, 09 Feb 2024 | AU$49.2b | AU$15.4b | AU$279.5m | 22.9x | 175.9x | 3.2x |
| Sun, 07 Jan 2024 | AU$73.9b | AU$22.9b | AU$1.3b | 23.3x | 54.9x | 3.2x |
| Tue, 05 Dec 2023 | AU$76.7b | AU$22.9b | AU$1.3b | 25x | 56.8x | 3.3x |
| Thu, 02 Nov 2023 | AU$70.0b | AU$23.0b | AU$1.4b | 22.6x | 51.1x | 3x |
| Sat, 30 Sep 2023 | AU$65.8b | AU$22.9b | AU$1.4b | 22x | 48.1x | 2.9x |
| Mon, 28 Aug 2023 | AU$67.8b | AU$22.6b | AU$1.1b | 16.5x | 62.7x | 3x |
| Wed, 26 Jul 2023 | AU$70.7b | AU$22.2b | AU$532.2m | 18.7x | 132.9x | 3.2x |
| Fri, 23 Jun 2023 | AU$69.8b | AU$22.2b | AU$559.4m | 17x | 124.8x | 3.1x |
| Sun, 21 May 2023 | AU$72.2b | AU$22.3b | AU$581.7m | 18.7x | 124.2x | 3.2x |
| Tue, 18 Apr 2023 | AU$77.3b | AU$22.3b | AU$575.3m | 18.1x | 134.4x | 3.5x |
Price to Earnings Ratio
134.4x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 25.1x which is lower than its 3-year average PE of 57.9x.
- The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 126% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 4.32% | |
| Materials | 6.22% | |
| Metals and Mining | 6.37% | |
| Gold | 9.47% | |
| Diversified Metals and Mining | 6.24% | |
| Copper | 5.60% | |
| Aluminum | 4.25% | |
| Silver | 4.08% | |
| Precious Metals and Minerals | 4.04% | |
| Steel | 1.78% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$24.48 | 11.7% +AU$3.7b | 14.4% | PE22.6x | |
| GGP Greatland Resources | AU$14.54 | 13.2% +AU$1.1b | n/a | PE15.2x | |
| EVN Evolution Mining | AU$13.55 | 4.1% +AU$1.1b | 76.0% | PE20.7x | |
| GMD Genesis Minerals | AU$6.54 | 11.4% +AU$765.4m | 63.9% | PE18.7x | |
| WGX Westgold Resources | AU$6.66 | 10.8% +AU$614.1m | 125.8% | PE24.9x |
